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  2. Sep 6, 2014 · Blockbuster went bankrupt in 2010 and Netflix is now a $28 billion dollar company, about ten times what Blockbuster was worth. Today, Hastings is widely hailed as a genius and Antioco is...

  3. On September 23, 2010, Blockbuster filed for Chapter 11 bankruptcy protection due to challenging losses, $900 million (~$1.23 billion in 2023) in debt, and strong competition from Netflix, Redbox, and video on-demand services.

  4. Aug 12, 2020 · But fast-forward a decade, and Blockbuster ceased to exist, having filed for bankruptcy with over $900 million in debt. So, what happened? Blockbuster was founded by David Cook, a software...

    • Andy Ash
    • Henry Blodget
  5. Apr 24, 2023 · At its peak, Blockbuster had 9,000 stores globally and made $5.9 billion, but today the once-famous video rental company has shrunk to a single store in a small town.

    • Henry Blodget
    • Ben Unglesbee
    • 1977. Twentieth Century Fox becomes the first studio to make its films available on video.
    • 1985. David Cook opens the first Blockbuster store.
    • 1987. Wayne Huizenga joins as investor, becomes CEO.
    • 1993. After bulldozing its way across the country, Blockbuster has nearly 3,600 stores.
  6. Oct 17, 2010 · On Sept. 23, Blockbuster filed for bankruptcy, a few weeks shy of its 25th birthday. (See pictures of retailers that have gone out of business.) For now, Blockbuster’s more than 3,500 stores...

  7. Apr 16, 2021 · Dish Network Corp won Blockbuster Inc in a bankruptcy auction for about $320 million, boosting the satellite TV provider's online features and marketing reach.

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